Pentoshi Predicts Ethereum’s Next Leg Up To $5,000, Bullish On AXS And ATOM

According to a popular cryptocurrency analyst and trader, known as Pentoshi, Ethereum (ETH) is gearing up for a huge rally. He is also bullish on Axie Infinity (AXS) and Cosmos (ATOM).

Ethereum (ETH)

The trader shared with his 336K followers on Twitter a prediction that ETH looks ready to break out and spark a massive rally.

“ETH. On verge of price discovery. Next leg up should be one of the wildest yet. Looks great vs BTC as well.”

https://twitter.com/Pentosh1/status/1453771737024368652

The analyst says that Ethereum has no resistance in sight and it could easily climb up to $5000 once it breaks out.

“Have a feeling a lot of people are underexposed to ETH, myself included, but vacation has me being more conservative. But there is only clear skies ahead. Could see $5,000 rapidly if this breaks out.”

https://twitter.com/Pentosh1/status/1453775977818075136

Axie Infinity (AXS)

Pentoshi also looked into the price action of play-to-earn game Axie Infinity (AXS), which earlier broke out of its immediate resistance at $145.

“AXS looks ready to head for $200+ here. Price discovery awaits. Incredibly bullish market structure.”

https://twitter.com/Pentosh1/status/1454114717748928523

Cosmos (ATOM)

The analyst also looked into the native token ATOM of Cosmos protocol that aims to be the “internet of blockchains.”

Cosmos could be ready to reach a bullish higher low (HL) setup against Bitcoin ATOM/BTC, says the analyst.

“ATOM. Added a little here. Will continue to add. Bottom in, in my opinion, and this is an HL forming.”

https://twitter.com/Pentosh1/status/1454025799221268481